LongTermInvest

Apr 3, 2021

ExideInd after a years of downtrend broke out near 185 and made high of 221 and retracing now. Those who love trading pullbacks; here is one stock with a strong upside potential.

Points to watch: Multiyear trend change on weekly charts. Would be a great idea to add in multiple trenches near 185/175/166 for slightly longer term view with SL = 144. I prefer doing beta hedging against holding and hence SL is wider and one need to take care of position size with 2-5% max loss per trade rule.

Apr 3, 2021

Note

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).